Moshe Piller borrows $9M from TD Bank for property in Cambria Heights

Moshe Piller through the entity Cambria Heights, LLC as borrower signed a loan agreement with lender TD Bank valued at $8.8 million for 1 parcel, including the tax class one-story store building (K1) at 119-07 Springfield Blvd in Cambria Heights. The deal closed on September 27, 2019 and was recorded on October 11, 2019.
The property contains a total of 11,467 square feet of built space. The property has 1,275 square feet of available development rights.
The average loan per buildable square foot is $694.
The last time the property sold was August 12, 2014, for $12,545,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on August 11, 2014.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $39,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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